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Because I am true to the hiring practices I preach, I wanted a strong exec who would “ punch above their weightclass ” by taking a job they hadn’t yet done but would hugely aspire to and thus work harder to out perform. I told Ethan on the spot that I wanted to be the leadinvestor in his new company.
August was a slow month in terms of traffic and I was away for a lot of the month, but there were some really great posts at the intersection of startups, technology, product and being a Startup CTO. While I agree that many VCs are crummy seed investors, I think there are some that are excellent seed investors. The Dry Run.
Leadinvestors are few. Leads that are true force-multipliers are exceedingly rare. Although seed funding has exploded since we started Nextview, we continue to hear the refrain from founders that there are tons of investors that will pile-in on a round that is coming together, but that leadinvestors are few and far between.
They were referring to non-founder engineers, most commonly the first hire for technology businesses. Every time a startup raises capital, all common shareholders are diluted. In cases where a startup is sold within a few years time, there is often acceleration agreements for unvested shares.
Leadinvestors are few. Leads that are true force-multipliers are exceedingly rare. Although seed funding has exploded since we started Nextview, we continue to hear the refrain from founders that there are tons of investors that will pile-in on a round that is coming together, but that leadinvestors are few and far between.
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